About Equinomics Research Private Limited
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Equinomics Research Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 20 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2014PTC252252. Its GSTIN is 27AADCE5923E1ZT (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Equinomics Research & Advisory Private Limited. It is led by directors Gangatharan Chokkalingam (Managing Director) and Parimalam Chokkalingam.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.05 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹30 Lakh (net margin 14.7%) and EBITDA of ₹41.8 Lakh (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The company is associated with 1 brand: Equinomics.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website equinomics.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
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- Registered Address307 3rd Floor Atlanta Estate Premises Co – Op Society Ltd, Dr. Ambedkar Chowk Near Virwani Industrial Estate Hanuman Tekdi Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Portfolio Management Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Equinomics Research Private Limited
The main business activity of Equinomics Research is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Equinomics Research Private Limited FY 2025 filings available
Equinomics Research Private Limited reported revenue of ₹2.05 Cr (down 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Equinomics Research Private Limited
Revenue fell 53% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 86% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Equinomics Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹41.8 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Equinomics Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Equinomics Research are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Equinomics Research Private Limited
Equinomics Research Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Portfolio Managers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Revelation Portfolio Management Private Limited | ₹2.14 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| A.P.I.D.C. Venture Capital Private Limited | ₹2.13 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Hyderabad, Telangana, India |
| Aj Wise Investment Private Limited | ₹2.13 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Greater Faridabad, Haryana, India |
| Crescore Financial Services Private Limited | ₹2.11 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | New Delhi, Delhi, India |
| Ashika Global Family Office Services Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 634.0% | •••• | Kolkata, West Bengal, India |
| Equinomics Research Private Limited this company | ₹2.05 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Ip Venture Advisors Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Mumbai, Maharashtra, India |
| Eureka Portfolio Management Services Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| Vinbull India Private Limited | ₹1.93 Cr (FY 2024) | •••• | •••• | 1271.0% | •••• | Lucknow, Uttar Pradesh, India |
| Ecomoney Insurance Brokers Private Limited | ₹1.93 Cr (FY 2024) | •••• | •••• | 159.0% | •••• | New Delhi, Delhi, India |
| New Horizon Wealth Management Private Limited | ₹1.9 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Equinomics Research by revenue in the BFSI industry (Portfolio Managers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Equinomics Research Private Limited
Equinomics Research Private Limited is audited by PEREIRA & SUBRAMANIAN for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PEREIRA & SUBRAMANIAN | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Equinomics Research Private Limited
Equinomics Research has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parimalam Chokkalingam | Director | 18 Apr 2022 | 4 Years 5 Months | Current |
| Gangatharan Chokkalingam | Managing Director | 20 Jan 2014 | 12 Years 8 Months | Current |
Ownership and Shareholding of Equinomics Research Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Equinomics Research Private Limited
Equinomics Research Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Equinomics Research Private Limited
Equinomics Research operates one associated brand: Equinomics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Equity research and subscription services in finance. | equinomics.co.in |
Employees and EPFO Compliance at Equinomics Research Private Limited
Employment history and EPFO contributions of people linked to Equinomics Research.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Equinomics Research Private Limited
Recent Activity on Equinomics Research Private Limited
Equinomics Research Private Limited has 8 board changes on record since 2014: 2 appointments and 6 cessations. The latest: Parimalam Chokkalingam ceased to be Additional Director on 14 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Equinomics Research Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Equinomics Research Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Equinomics Research Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Equinomics Research Private Limited
Equinomics Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE5923E1ZT | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Equinomics Research Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Equinomics Research Private Limited
Equinomics Research is an active private limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 20 January 2014 (12+ years old) and is registered under CIN U67190MH2014PTC252252.
Equinomics Research reported revenue of ₹2.05 Cr for FY 2025 (down 53% YoY).
Equinomics Research has 2 current directors:
- Gangatharan Chokkalingam - Managing Director
- Parimalam Chokkalingam - Director
Equinomics Research reported a net profit of ₹30 Lakh (net margin 14.7%) and EBITDA of ₹41.8 Lakh (EBITDA margin 20.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Equinomics Research is 2% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Equinomics Research is 27AADCE5923E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Equinomics Research is U67190MH2014PTC252252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equinomics Research was incorporated on 20 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Equinomics Research by revenue are Revelation Portfolio Management Private Limited, A.P.I.D.C. Venture Capital Private Limited, Aj Wise Investment Private Limited, Crescore Financial Services Private Limited, Ashika Global Family Office Services Private Limited and 5 more, all in the BFSI industry (Portfolio Managers).
Parimalam Chokkalingam ceased to be Additional Director on 14 Sep 2022. Moumitha Chokkalingam ceased to be Director on 20 May 2022. Parimalam Chokkalingam was appointed as Director on 18 Apr 2022. Equinomics Research has 8 board changes on record in total.
Equinomics Research can be reached through the website equinomics.co.in. Its registered office is in Mumbai, Maharashtra, India.